Can I retire at age 70 with 9,600,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$792,759$785,698$778,808$772,084$765,517$739,829
2 years$392,455$385,146$378,062$371,194$364,532$338,905
3 years$259,038$251,697$244,631$237,828$231,274$206,513
4 years$192,342$185,024$178,029$171,341$164,947$141,240
5 years$152,335$145,061$138,158$131,607$125,390$102,802
6 years$125,673$118,453$111,652$105,247$99,217$77,765
7 years$106,636$99,477$92,783$86,529$80,690$60,371
8 years$92,364$85,270$78,688$72,587$66,940$47,739
9 years$81,270$74,243$67,774$61,828$56,373$38,267
10 years$72,400$65,441$59,087$53,297$48,033$30,993
11 years$65,147$58,259$52,019$46,384$41,310$25,302
12 years$59,108$52,290$46,165$40,685$35,798$20,787
13 years$54,001$47,255$41,246$35,919$31,217$17,164
14 years$49,628$42,953$37,060$31,885$27,364$14,230
15 years$45,842$39,239$33,460$28,435$24,094$11,836
16 years$42,532$36,001$30,336$25,461$21,294$9,872
17 years$39,614$33,155$27,605$22,876$18,881$8,252
18 years$37,024$30,637$25,200$20,616$16,788$6,910
19 years$34,708$28,394$23,069$18,629$14,963$5,795
20 years$32,627$26,385$21,172$16,872$13,366$4,867
21 years$30,747$24,577$19,474$15,312$11,961$4,091
22 years$29,040$22,941$17,948$13,922$10,721$3,442
23 years$27,483$21,457$16,572$12,679$9,624$2,898
24 years$26,059$20,104$15,326$11,564$8,650$2,442
25 years$24,750$18,866$14,195$10,561$7,784$2,058
26 years$23,544$17,731$13,165$9,657$7,011$1,736
27 years$22,430$16,687$12,225$8,839$6,321$1,464
28 years$21,396$15,724$11,365$8,098$5,704$1,236
29 years$20,436$14,834$10,576$7,426$5,150$1,043
30 years$19,541$14,009$9,851$6,816$4,654$881
31 years$18,706$13,243$9,184$6,260$4,207$744
32 years$17,925$12,531$8,569$5,753$3,806$628
33 years$17,192$11,867$8,001$5,290$3,444$531
34 years$16,504$11,247$7,475$4,867$3,118$448
35 years$15,857$10,668$6,989$4,481$2,825$379
36 years$15,247$10,125$6,538$4,127$2,559$320
37 years$14,671$9,617$6,119$3,802$2,319$270
38 years$14,127$9,139$5,731$3,504$2,103$229
39 years$13,613$8,690$5,369$3,231$1,907$193
40 years$13,125$8,268$5,032$2,980$1,730$163
41 years$12,662$7,871$4,719$2,750$1,569$138
42 years$12,222$7,496$4,426$2,538$1,424$117
43 years$11,804$7,142$4,153$2,343$1,292$99
44 years$11,406$6,808$3,899$2,163$1,173$83
45 years$11,027$6,492$3,661$1,998$1,065$70
46 years$10,665$6,193$3,438$1,845$967$59
47 years$10,320$5,910$3,230$1,705$878$50
48 years$9,990$5,642$3,036$1,575$797$43
49 years$9,675$5,388$2,853$1,456$724$36
50 years$9,373$5,146$2,682$1,346$658$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $9,600,000, adding $2,040 every year, while hoping to spend $51,154 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 80/8/12 Blend
69$9,600,000$9,600,000$9,600,000$9,600,000
70$10,581,304$10,072,504$9,923,704$11,404,312
71$11,606,170$10,511,630$10,201,721$12,384,226
72$12,733,857$10,970,557$10,487,337$13,452,484
73$13,974,800$11,450,204$10,780,752$14,623,299
74$15,340,495$11,951,530$11,082,173$15,906,913
75$16,843,610$12,475,539$11,391,809$17,314,603
76$18,498,101$13,023,283$11,709,878$18,858,789
77$20,319,348$13,595,864$12,036,599$20,553,151
78$22,324,297$14,194,438$12,372,201$22,412,753
79$24,531,621$14,820,211$12,716,915$24,454,187
80$26,961,894$15,474,449$13,070,980$26,695,727
81$29,637,789$16,158,479$13,434,640$29,157,504
82$32,584,288$16,873,688$13,808,144$31,861,689
83$35,828,918$17,621,532$14,191,750$34,832,704
84$39,402,012$18,403,531$14,585,718$38,097,453
85$43,336,997$19,221,284$14,990,319$41,685,569
86$47,670,703$20,076,459$15,405,827$45,629,699
87$52,443,717$20,970,808$15,832,525$49,965,805
88$57,700,762$21,906,164$16,270,701$54,733,506
89$63,491,122$22,884,448$16,720,651$59,976,448
90$69,869,102$23,907,671$17,182,678$65,742,713
91$76,894,545$24,977,942$17,657,093$72,085,274
92$84,633,395$26,097,468$18,144,212$79,062,493
93$93,158,320$27,268,562$18,644,362$86,738,668
94$102,549,395$28,493,648$19,157,874$95,184,639
95$112,894,861$29,775,265$19,685,091$104,478,454
96$124,291,956$31,116,071$20,226,360$114,706,104
97$136,847,831$32,518,855$20,782,039$125,962,334
98$150,680,566$33,986,534$21,352,493$138,351,532
99$165,920,279$35,522,170$21,938,097$151,988,715
100$182,710,356$37,128,965$22,539,232$167,000,608